Merrill Community Bank

Our Story

Merrill Federal Savings and Loan Association (Merrill Federal), now known as Merrill Community Bank, was formed as a mutual corporation in October 1940 by a handful of Merrill residents for the sole purpose of providing home ownership to the area residents.

Merrill Federal began its service to the community in a small office building located at 925 East Main Street. They purchased and moved to 907 East Main Street in December 1953 and purchased the adjacent building for additional space in 1978.

In 2016, Tomahawk Community Bank announced the exciting news that they entered into an agreement merging Merrill Federal Savings and Loan into Tomahawk Community Bank, bringing the two banks together. The partnership resulted in substantial benefits not only to our institutions, but our respective local communities, loan customers and depositor/owners as well.

Similar to Tomahawk Community Bank, when Merrill Federal was chartered, there was no intent by its organizers to personally profit by the organization. The merger of the two institutions ensured independent banking philosophy in terms of local lending decisions and other financial products continuing at both the Tomahawk and Merrill locations.

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